In Re Universal Minerals, Inc.
United States Bankruptcy Court, W.D. Pennsylvania
1Opinion of the Court
MEMORANDUM OPINION
JOSEPH L. COSETTI, Bankruptcy Judge.
This case arises under the former Bankruptcy Act. The principal issue before the Court is the distribution of funds produced from the sale of secured assets of the Debt- or.
STATEMENT OF PERTINENT FACTS
Universal Minerals, Inc. (“Universal”) filed for protection under Chapter XI of the Bankruptcy Act on October 27, 1978. One of its assets was the stock of its wholly owned subsidiary, Cambria Mining and Manufacturing (“Cambria”).
In April of 1981, Thomas C. Light was appointed as Trustee of this estate and ordered to bring about its orderly…
2Cases cited16 opinions
- Securities & Exchange Commission v. United States Realty & Improvement Co.Supreme Court of the United States · 1940
- In Re Hotel Associates, Inc.United States Bankruptcy Court, E.D. Pennsylvania · 1980
- In the Matter of Century Vault Company, Inc., Bankrupt, Harold J. Connor, Trustee in BankruptcyCourt of Appeals for the Third Circuit · 1969
- In re TorchiaCourt of Appeals for the Third Circuit · 1911
- Miners Sav. Bank of Pittston, Pa. v. JoyceCourt of Appeals for the Third Circuit · 1938
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3Cited by3 opinions
- First Pennsylvania Bank N.A. v. Harris (In Re Eagson Corp.)United States Bankruptcy Court, E.D. Pennsylvania · 1984
- New England High Carbon Wire Corp. v. Town of Millbury Ex Rel. Collector of Taxes (In Re New England High Carbon Wire Corp.)United States Bankruptcy Court, D. Massachusetts · 1984
- Reitmeyer v. Pennsylvania Dept. of Revenue (In Re Pompeo)United States Bankruptcy Court, W.D. Pennsylvania · 1996